Mike Daly

Mike Daly joined PFGBEST Research in 2009 with more than 25 years of experience as a gold trader and market specialist. He was a floor trader at the Chicago Mercantile Exchange, Chicago Board of Trade and Chicago Board Options Exchange for the first two decades. He joined the renowned gold brokerage J. Aron in 1979 and served as a senior gold broker and market analyst for four years, and then continued another two years there after J. Aron was acquired by Goldman Sachs in 1982. He was charged with keeping vast spread markets in line and was a global gold market maker for the firm. From there he continued as a licensed independent broker on the CME floor in the S&P 500 stock index futures trading pit while also monitoring and trading gold markets. He joined Alaron Trading Corp. in 2007 as a senior broker then came on board PFGBEST through the acquisition of the customer assets of Alaron in spring of 2009. Mike is regularly quoted in broadcast and print media venues and is widely available to share his precious metals and trading background, knowledge and experience as an interview source, educator and spokesperson. PFGBEST is among the largest non-clearing U.S. Futures Commission Merchants, with customers, affiliates and brokerage offices in more than 80 countries. The company is a leader in sustainable investing through diversified products including managed funds, futures, forex, options, full-service and discount brokerage, trader education, market research, and direct online futures trading through its BESTDirect® platform, and numerous other platforms and applications.

Gold settles $12.30 higher $1602.40

Today’s Gold session traded another all-time high as the August futures contract traded $1607.90.

Gold settles 45.90 higher… ($1434.50)

The Gold and Silver markets are reaping the benefits of the Libyan chaos and the rising price of Crude oil as a result.

Another wild week in the precious metals

Gold settled at $1428.60 for the week as African and Middle East tensions continue to support the precious metals.

Gold closes $21.30 higher today… ($1431.20)

Today’s Gold session covered a $21.80 range as the escalation of violence in Libya as well as spreading unrest in the Middle- east has both traders and investors alike “bullish” the precious metals and savvier investors alternative “safe haven” choice

Gold settles $1.80 higher ($1415.80)

Today’s session covered a $10.50 range as the news and rumors from Libya had investors and traders watching the newswires.

Gold settles $12.90 higher…. ($1414.00)

Today’s Gold session covered a $21.30 choppy range as heightened tensions in Libya and the Middle East continue to send investors into the precious metals as a “safe haven” alternative investment. The demonstrators throughout the […]

Gold Closes $12.50 Higher… ($1401.10)

The precious metals continue to be the ‘safe haven” choice of global investors as the Middle-east and African demonstrations continue to threaten the flow of Crude Oil.

Gold finishes the week at $1388.60….. silver makes new 30 year high’s….$32.87…..

Another volatile week in the precious metals as the middle-east crisis expands and China raises rates again.

Gold regains its luster

This week’s Gold trade traded a very choppy and volatile $51.90 range.

Gold settles $20.90 higher… ($1353.00)

Today’s Gold session covered a very vast $31.10 volatile and choppy range.

Gold settles $8.20 lower ($1332.10)

Today’s Gold session covered a very volatile and choppy $17.30 range.

Wow! What a week

This week the Gold market covered a $39.80 range, in which all but $1.10 occurred in today’s trading session.

Gold settles $14.60 lower today…. ($1318.40)

Another negative session as gold trades a very volatile and choppy $37.60 range as lack of momentum and technical selling continue to put the pressure on the precious metals markets.

Gold settles 70 cents higher… ($1333.00)

Today’s Gold session covered a traded a very technical $13.40 range as traders awaited the results of the FOMC 2 day meeting.

Gold settles at $1341.00 for the week…………

This week the Globex February Gold market traded a very choppy and volatile $41.90 as better than expected U.S jobless data is helping to fuel optimism concerning the U.S economy.

Gold closes $7.70 higher… ($1368.20)

The price of Gold rebounded today as the Globex February contract covered a very choppy and volatile $19.20 range.

GOLD CLOSED $1.50 HIGHER TODAY… ($1422.90)

Today's Gold session covered a very subdued $9.90 range as traders may be apprehensive about this week's economic data. Today's trade waffled above and below unchanged in a very technical and light volume session (60,000)…

Gold Closes $2.40 Higher Today… ($1382.90)

Today's Gold session covered a sluggish $14.30 range on very light volume (39,000)…

Gold Settles $2.70 Higher Today… ($1388.80)

Today's Gold session traded a very technical $11.60 range. While the Holiday's creep closer the volume continues to decline as the February Globex volume was only 72,000…. gold traders used the technical support and resistance […]

Gold Settles $6.90 Higher… ($1386.10)

Today's Gold session covered a $13.30 choppy range. Despite a stronger U.S. Dollar the Gold and Silver markets rallied mid – late session to close higher on the day. Overnight buying from India provided along […]

Gold Settles $13.10 Higher… ($1398.00)

Today's session produced a $19.40 choppy range as traders decided that NO INTEREST RATE hike from the Peoples Bank of China was an indicator to buy Gold. China raised rates Friday on it's banks "reserve requirements ratio" .50 […]

Another Wild Week !!!

Gold Settles $7.90 Lower …Ending The Week At…($1384.90) The precious metals tumbled early after reports that The Central  Bank of China did indeed raise the banks' reserve requirement by .50 basis points effective December 20th […]

Gold Settles $9.50 Higher … ($1392.70)

Today's February (Globex) contract traded in a volatile $14.50 range as news from the European Union continues to fuel the U.S Dollar's recent strength as well as sending savvier global investors into Gold and Silver […]

Gold Settles $25.80 Lower ($1383.20)

Big down day for the gold and silver markets as both markets experience key technical reversals. One day after Gold made another all-time high and Silver made a new 30 year high the precious markets […]

Gold Closes $7.10 Lower Today… ($1409.00)

Today's (Globex) March contract notched another all-time high trading $1432.50 and covering a very apprehensive and volatile $29.50 range. After a stall in the "bullish ' momentum I believe traders began to take profits as […]